Who can tell me what going on with the price?

Razick

legendary

Activity: 1330

Merit: 1003

Quote from: Fray on August 13, 2014, 11:26:48 AM

This would be speculation, but I would think it has to do with the CSFB warning about bitcoin being the "wild west"

These kind of warning make it less likely that consumers will want to buy and use bitcoin as they fear they will get scammed out of their money. If less people buy and use bitcoin then the price will go down

Honestly, who listens to them? If I hadn't been following Bitcoin very closely, I never would have heard about their advice. I do think it's the cause of the price drop, but long term it should have little effect.

Fray

full member

Activity: 209

Merit: 100

This would be speculation, but I would think it has to do with the CSFB warning about bitcoin being the "wild west"

These kind of warning make it less likely that consumers will want to buy and use bitcoin as they fear they will get scammed out of their money. If less people buy and use bitcoin then the price will go down

64dimensions

hero member

Activity: 578

Merit: 508

My guess: The mining ROI for bitcoin is decreasing for (new?) mining farms. As compared to the past, they have divert more mined BTC to pay the operational bills in whatever local currency. This is currently overriding the commercial dissemination of BTC.

LavaWave

hero member

Activity: 686

Merit: 500

Quote from: Razick on August 13, 2014, 10:26:12 AM

Quote from: innocent93 on August 13, 2014, 08:57:14 AM

That's could be any reason, but it doesn't seem to be linked to any news? Huh

Holding anyway.

The price was already unstable and then the US Consumer Financial "Protection" Bureau released a very negative report calling Bitcoin "the Wild West."

This is what I feel is the reason for the recent decline. We may even have further to go.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Vitalik and friends dumping their coins from ethereum IPO.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

people sell.

gondel

legendary

Activity: 1960

Merit: 1005

Hello,
Really?!
This is bitcoin, there is nothing like real price of it. No one can predict what will be thw price tomorrow.In my opinion just dont worry
We are i the early days of btc so expect everything

Razick

legendary

Activity: 1330

Merit: 1003

Quote from: innocent93 on August 13, 2014, 08:57:14 AM

That's could be any reason, but it doesn't seem to be linked to any news? Huh

Holding anyway.

The price was already unstable and then the US Consumer Financial "Protection" Bureau released a very negative report calling Bitcoin "the Wild West."

zerocool5878

newbie

Activity: 13

Merit: 0

It's just a good time to buy. It's will go back up in the next month I bet.

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: Beliathon on August 13, 2014, 10:15:02 AM

Quote from: ?? on ??

and heres the elliot wave theory

https://bitcointalksearch.org/topic/m.7917767

bottom at 538 in August rising to $1,000 by 2nd week of Sept...there are many more..visit Speculation and while away some time.

HOLY SHIT that's dead accurate within $10 and two days, and it's a prediction made a month ago!

Who is this guy?

There are hundreds (or maybe thousands) of speculations through the forum, it's normal that someone can predict the right price.
It would be surprising if the price will really rise to $1000 in the second week of September

leex1528

hero member

Activity: 784

Merit: 1000

Hold on, let me link some graph that shows you how much I know about the trends of bitcoin and claim it will be at 0 dollars/10,000 dollars in 5 years.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: ?? on ??

and heres the elliot wave theory

https://bitcointalksearch.org/topic/m.7917767

bottom at 538 in August rising to $1,000 by 2nd week of Sept...there are many more..visit Speculation and while away some time.

HOLY SHIT that's dead accurate within $10 and two days, and it's a prediction made a month ago!

Who is this guy?

311

full member

Activity: 230

Merit: 100

Come original.

Price goes up, price goes down - you can't explain that. I gave up trying to make sense of the fluctations.

And shouldnt this be in speculation?

bit0

newbie

Activity: 40

Merit: 0

Quote from: InwardContour on August 13, 2014, 09:15:06 AM

Quote from: BitCoinNutJob on August 13, 2014, 09:08:27 AM

Nice chart Cheesy

In my opinion the price is only bouncing and in few weeks we will see over $600 values, but don't quote me on this

Lately it seems to go down the beginning of the month and bounces back towards the end.

Cheap coins anyway.

boomertoo

member

Activity: 392

Merit: 10

Could it be the ethereum folks selling off btc for some fiat paychecks?

cryptworld

hero member

Activity: 714

Merit: 503

low volume,FUD,and bored whales
it's all you have to know

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Flagged because this belongs in the speculation sub-section.

franky1

legendary

Activity: 4410

Merit: 4766

(one of many speculative reasons)

the guys selling Ether (currently a vapour product, not even a real altcoin until 2015) for bitcoin last month, have dumped some bitcoin. but now it seem the price is climbing again to retrace back to the resistance point prior to the dump. so 'hopefully' thats the days drama finished with.

https://bitcointalksearch.org/topic/bitcoin-being-killed-by-ethereum-dump-737267

(one of many speculative reasons)

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: BitCoinNutJob on August 13, 2014, 09:08:27 AM

Nice chart Cheesy

In my opinion the price is only bouncing and in few weeks we will see over $600 values, but don't quote me on this

Coinport Exchange Support

newbie

Activity: 7

Merit: 0

Nothing really. People are just getting shaken out, like Dogecoin.

Topic: Who can tell me what going on with the price? (Read 1750 times)